Evolv Technologies (NASDAQ:EVLV) Shares Gap Down – Time to Sell?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.96, but opened at $6.60. Evolv Technologies shares last traded at $5.4650, with a volume of 1,497,097 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EVLV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Tuesday, April 21st. Zacks Research upgraded Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Evolv Technologies presently has a consensus rating of “Buy” and an average target price of $9.13.

Evolv Technologies Trading Down 16.0%

The company has a market cap of $1.05 billion, a PE ratio of -28.06 and a beta of 1.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.15. The company has a 50-day moving average of $6.08 and a 200 day moving average of $6.35.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $46.33 million during the quarter, compared to analyst estimates of $43.70 million. Evolv Technologies had a negative return on equity of 30.45% and a negative net margin of 22.71%. Analysts predict that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $5.10, for a total transaction of $468,032.10. Following the completion of the transaction, the director owned 2,083,961 shares in the company, valued at $10,628,201.10. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Swiss National Bank boosted its position in shares of Evolv Technologies by 31.0% during the first quarter. Swiss National Bank now owns 310,900 shares of the company’s stock valued at $1,881,000 after buying an additional 73,600 shares during the period. GatePass Capital LLC boosted its position in shares of Evolv Technologies by 41.7% during the first quarter. GatePass Capital LLC now owns 255,000 shares of the company’s stock valued at $1,543,000 after buying an additional 75,000 shares during the period. Emerald Mutual Fund Advisers Trust boosted its position in shares of Evolv Technologies by 6.6% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 2,667,589 shares of the company’s stock valued at $16,139,000 after buying an additional 165,100 shares during the period. Emerald Advisers LLC boosted its position in shares of Evolv Technologies by 3.9% during the first quarter. Emerald Advisers LLC now owns 4,333,055 shares of the company’s stock valued at $26,215,000 after buying an additional 161,812 shares during the period. Finally, Torray Investment Partners LLC boosted its position in shares of Evolv Technologies by 171.1% during the first quarter. Torray Investment Partners LLC now owns 353,367 shares of the company’s stock valued at $2,138,000 after buying an additional 223,042 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.